from RT America
Hillary Clinton: Electing a “Foreign Spy” for President?
by Prof. James Petras
Global Research
During her 4 years as Secretary of State of the United States (2009-2014), Hillary Clinton controlled US foreign policy. She had access to the most confidential information and state documents, numbering in the tens of thousands, from all of the major government departments and agencies, Intelligence, FBI, the Pentagon, Treasury and the office of the President.
She had unfettered access to vital and secret information affecting US policy in all the key regions of the empire.
Today, Mme. Clinton’s critics have focused on the technical aspects of her violations of State Department procedures and guidelines regarding handling of official correspondences and her outright lies on the use of her own private e-mail server for official state business, including the handling of highly classified material in violation of Federal Records laws, as well as her hiding official documents from the Freedom of Information Act and concocting her own system exempt from the official oversight which all other government officials accept.
Now Obama Warns Americans to ‘Be Prepared’ for Disaster… What Does He Know?
by Jeff Berwick
Dollar Vigilante
Recently Barack Obama urged citizens to be prepared. He broke this new ground in a May 31st speech to the FEMA National Response Coordination Center in Washington.
He explained that it was up to each citizen to be prepared for disasters. This preparation should extend to “having an evacuation plan” and “having a fully stocked disaster supply kit.”
One of the things that we have learned over the course of the last seven and a half years is that government plays a vital role, but it is every citizen’s responsibility to be prepared for a disaster. – Barack Obama
Ignore the propaganda where he says the government has played a vital role. Yes, it has played a role along with the Federal Reserve, but only in causing the current sorry state of affairs.
Legend Warns Crisis is Going to Spread Like Wildfire and There Will Be Nowhere to Hide
from King World News
On the heels of continued volatility in the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned crisis is going to spread like wildfire and there will be nowhere to hide.
Egon von Greyerz: “On Friday we had another set of figures which although fake, still shocked the financial world. Non-farm payroll increased by only 38,000, massively lower than any forecast. But add to that 244,000 fictitious jobs created and 484,000 workers which were forced to go from full time to part time work, then we get to a reduction in full time jobs of 690,000!…
Musings on the Plight of the American Middle Class
by Frank Trotter
Daily Pfennig
It’s a beautiful Memorial Day as I write this. Here in our little river town, in the great flyover, the sun is out after a week of rain, but we are happy to soak in some of the humidity.
This is also the Daily Pfennig® Sunday edition published closest to the anniversary of D-Day, June 7th, 1944. A large number of our family members will be headed to France later this summer to stay at a friend’s home in Normandy. Along the way we’ll all be sure to visit the beaches and remember the events that took place there. I’ll spend a special moment at Utah Beach where Chuck’s father came ashore and survived, but where many of his buddies did not.
Weekend Edition: The Tipping Point Is Quickly Approaching
from Casey Research
Editor’s note: “The U.S. is going into a time of troubles at least as bad as any experienced in any advanced country in the last century.”
Casey Research founder Doug Casey knows it sounds outrageous—and he’ll probably get a lot of backlash—but he believes every American needs to be concerned right now…
Today and tomorrow, Doug will share his thoughts on this coming crisis…and why it will be much worse—and last much longer—than most people expect…
“Making the chicken run” is what Rhodesians used to say about neighbors who packed up and got out during the ’60s and ’70s, before the place became Zimbabwe. It was considered “unpatriotic” to leave Rhodesia. But it was genuinely idiotic not to.
This Financial Bubble is 8 Times Bigger Than the 2008 Subprime Crisis
by Simon Black
Sovereign Man
On July 1, 2005, the Chairman of then President George W. Bush’s Council of Economic Advisors told a reporter from CNBC that,
“We’ve never had a decline in house prices on a nationwide basis. So, what I think is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.”
His name was Ben Bernanke. And within a year he would become Chairman of the Federal Reserve.
Of course, we now know that he was dead wrong.
Market Report: Testing Support Levels
by Alasdair MacLeod
Gold Money
Gold and silver prices started the week at a low point, with gold touching $1200.
Round numbers such as this can take on an importance for traders. Silver found support at $15.90 before rallying, but on Wednesday, dipped below this level briefly, trading as low as $15.84. So the post-Monday rally in gold was not confirmed by silver, making the consolidation over the week just that, it being too early to say the May sell-off is over.
It is of minor interest that with London closed for a bank holiday, last Monday’s lows were set with reduced physical trading. In theory, this would have left bullion markets more than usually exposed to the vagaries of futures traders, suggesting a degree of artificiality in prices.
Negative Rates Cause Negative Outcomes
from CNBC
CNBC’s Rick Santelli discusses the data dependent “trap” and how policy makers need to stop looking backwards.
Jamie Dimon Gets in the Face of His U.K. Workers With Threats on Brexit
by Pam Martens and Russ Martens
Wall Street on Parade
JPMorgan Chase’s perpetually controversial Chairman and CEO, Jamie Dimon, was in Bournemouth, Dorset on the south coast of England this morning to reassure his workers that he wasn’t there to tell them how to vote in the upcoming June 23 referendum on whether Britain should leave the European Union (the so-called “Brexit” or British Exit vote). He then proceeded to tell the sober-faced workers that if they voted for Brexit, he might axe upwards of 4,000 jobs across their country.
Dimon first stated to the crowd of workers:
“I cannot and will not tell the British people how they should vote in this….” A few minutes later, he qualified that by telling the workers how many jobs he might have to cut if Brexit happened: “I don’t know if it means 1,000 jobs, 2,000 jobs, it could be as many as 4,000…I don’t want you to worry about it but when you vote you should be thinking about something like that.”
The Latest Updates from Michael Krieger at Liberty Blitzkrieg – 2016.06.03
by Michael Krieger
Liberty Blitzkrieg
Vox Editor Tweets – “If Trump Comes to Your Town, Start a Riot”
Violent California Protesters Play Right Into Donald Trump’s Hand
Just How Shady is Hillary Clinton? This Shady…
Shameless Healthcare Cronyism Exposed in the State of Connecticut
Mafia Expert Calls Great Britain the “Most Corrupt Place on Earth”
Meet Ability Inc – The Israeli Company That Wants to Hack Your Cellphone
Social Networks Show They Work for Government, Not Private Sector
by Daily Bell Staff
The Daily Bell
Free Speech Isn’t Facebook’s Job … My instinct as a First Amendment teacher is to be outraged at Facebook, Twitter, YouTube, and Microsoft for knuckling under to European Commission pressure to ban hate speech on their platforms. But after sleeping on it, I think it’s fine. Here’s why: These social media giants are private actors, not the state. – Bloomberg
We disagree with Bloomberg. Facebook is not a private sector actor. If it were up to us, Facebook would be shut down.
It was funded by the CIA which has surely participated in its success around the world.
It’s not really a company. It’s a facility of American imperialism.
By carefully tracking who knows whom, Facebook can generate groups of related individuals. These groups can be useful to the FBI, CIA and other intelligence outfits.
The Trouble with “Public Accommodation”
by Ryan McMaken
Mises.org
Government regulation of property in the name of mandating “public accommodation” has become one of the easiest ways to expand state power into every enterprise, right down to the tiniest family business.
These regulations — which dictate to private owners who can use their property and with whom owners are required to associate — are claimed to be necessary on the idea that if states to do not micromanage business owners in this respect, then people within disfavored groups (e.g., ethnic minority groups) will have no access to basic goods and services.
This idea has been so politically successful, in fact, that virtually no one running for public office is willing to oppose it, and even the most seemingly radical laissez-faire libertarian will often back down immediately when asked if property owners should be allowed to refuse service to certain groups of people.
Fed’s Brainard Calls for ‘Waiting’ as Labor Market Has Slowed
Central bank official not in a rush to lift interest rates
by Steve Goldstein
Market Watch
WASHINGTON (MarketWatch) — Federal Reserve Gov. Lael Brainard on Friday called for the central bank to wait for more data before lifting interest rates as she said the jobs report shows the labor market has slowed.
Brainard, who’s the first Fed official to speak since the Labor Department reported just 38,000 jobs were added in May, said the central bank should wait for more data on how the economy is performing in the second quarter, as well as a key vote by Britain on whether to leave the European Union.
“Recognizing the data we have on hand for the second quarter is quite mixed and still limited, and there is important near-term uncertainty, there would appear to be an advantage to waiting until developments provide greater confidence,” Brainard said at the Council on Foreign Relations.
The Latest Updates from Mike ‘Mish’ Shedlock – 2016.06.03
by Mike ‘Mish’ Shedlock
Mish Talk
Construction Employment Declines Back-to-Back First Time Since May 2012; Questions of the Day
Composite PMI Flirts With Contraction; Markit Chief Economist Estimates GDP 0.7-0.8%
Rate Hike Odds Collapse; Fed’s Evans Discusses “Delays for Years”
Non-Manufacturing ISM Much Weaker Than Expected
Fed Hiking Not: Payroll Jobs +38K, Employed +26K, Labor Force -458K, Revisions -59K
Shocking Downturn in New York ISM, Chicago ISM Merely Pathetic
Lies, Damn Lies and Cooked Books
by Karl Denninger
Market-Ticker.org
The unemployment rate declined by 0.3 percentage point to 4.7 percent in May, and nonfarm payroll employment changed little (+38,000), the U.S. Bureau of Labor Statistics reported today. Employment increased in health care. Mining continued to lose jobs, and employment in information decreased due to a strike.
Uh huh.
Not seasonally adjusted (that is, before book-cooking for political purposes and attempting to bludgeon The Fed) out of the household survey) the figures are a different matter.
Dollar on Track for Biggest One-day Fall Since Feb After Weak U.S. Jobs Report
by Dion Rabouin
Reuters.com
The dollar fell to the lowest level in three weeks on Friday after the U.S. jobs report came in far below expectations and cast doubt on whether the Federal Reserve would raise U.S. interest rates soon.
The dollar index, which measures the greenback against a basket of major currencies, fell as much as 1.5 percent after the release of the data, on track for its largest one-day percentage loss in four months.
Nonfarm payrolls increased by only 38,000 jobs last month, the smallest gain since September 2010, the Labor Department said on Friday, with the goods producing sector shedding 36,000 positions.
“It’s a fairly disastrous payroll report,” said Gennadiy Goldberg, interest rate strategist at TD Securities in New York.
The Overlooked Reality of Brexit
by James Turk
FGMR
Thursday, June 23rd is the day voters in Great Britain will decide whether their country will leave the European Union, an outcome dubbed “Brexit”. The debate leading up to the vote is becoming fierce, and long simmering disagreements within the Conservative Party to “Leave” or “Remain” in the EU are now boiling over.
Prime Minister David Cameron is leading the Remain campaign. He is receiving verbal support from big business and large banks that have lobbyists encamped in Brussels working on their behalf. Support for the Remain campaign has also come from sources outside the UK including the IMF and Barack Obama.
Dollar Crashes While Gold and Bitcoin Skyrocket as the “Recovery” Lie is Exposed
by Jeff Berwick
Dollar Vigilante
It’s going to be a long weekend for those holding stocks and believing in the “recovery” lie.
Today, the US government released its jobs report and the market was expecting an additional 200,000 jobs were added in May. Instead, the number came in at a paltry 38,000.
One analyst, Naseem Aslam of Think Forex UK said, “The U.S. nonfarm payroll data was crazy and completely unbelievable and this is the last set of important data before the Fed meeting. When you look at the data set, it really boggles your mind because the unemployment rate has ticked lower. The productivity picture is even more confusing as it is not increasing.”
It can seem confusing IF you fell for the “recovery” story that the Federal Reserve, Barack “Peddling Fiction” Obama and the mainstream media have been peddling.
Japan’s Debt Burden Is Quietly Falling the Most in the World
by Enda Curran and James Mayger
The Washington Post with Bloomberg
(Bloomberg) — Japan for years has been renowned for having the world’s largest government debt load. No longer.
That’s if you consider how the effective public borrowing burden is plunging — by one estimate as much as the equivalent of 15 percentage points of gross domestic product a year, putting it on track toward a more manageable level.
Accounting for the Bank of Japan’s unprecedented government bond buying from private investors, which some economists call “monetization” of the debt, alters the picture. Though the bond liabilities remain on the government’s balance sheet, because they aren’t held by the private sector any more they’re effectively irrelevant, according to a number of analysts looking at the shift.
“Japan is the country where public debt in private hands is falling the fastest anywhere,” said Martin Schulz, a senior economist at Fujitsu Research Institute in Tokyo.
How Cheap Debt is Keeping the Economy from Recovering
Monetary and fiscal stimulus have failed, so now what?
by Jonathan Rochford
Market Watch
In 2009, a small group of analysts dared to question whether emergency stimulus measures were the beginning of the “Japanization” of Europe and the U.S. Ultralow interest rates, large budget deficits and then quantitative easing were all meant to be temporary. Seven years later, only the most optimistic could see these measures being put away soon.
In 2014 Larry Summers called the current malaise “secular stagnation.” The secular part implies the change is not cyclical but has become entrenched. The stagnation part means that there is little or no growth. This year the mainstream business news (i.e. Bloomberg, not just Zero Hedge) has started regularly publishing articles questioning whether orthodox economic policy has any answers left.
The Day Obama Stayed at My Place (See Picture)
by Michael Covel
Daily Reckoning
This past weekend President Obama stayed at my place.
No, I’m not joking.
He literally stayed in my building.
And I have the picture to prove it.
I’ll show it to you in a moment.
But first, there’s another picture I want to share with you…
Funniest BLS Report Ever
by James Quinn
The Burning Platform
Only a captured government drone could put out a report showing only 38,000 new jobs created, with the working age population rising by 205,000, and have the balls to report the unemployment rate plunged from 5.0% to 4.7%, the lowest since August 2007. If you ever needed proof these worthless bureaucrats are nothing more than propaganda peddlers for the establishment, this report is it. The two previous months were revised significantly downward in the fine print of the press release.
It is absolutely mind boggling that these government pond scum hacks can get away with reporting that 484,000 people who WERE unemployed last month are no longer unemployed this month. Life is so fucking good in this country, they all just decided to kick back and leave the labor force. Maybe they all won the Powerball lottery. How many people do you know who can afford to just leave the workforce and live off their vast savings?